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Bolton Nuts » BWFC » Bolton Wanderers Banter » Money troubles at the club?

Money troubles at the club?

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Norpig
BoltonTillIDie
Growler
Whitesince63
boltonbonce
wanderlust
karlypants
Ten Bobsworth
Sluffy
13 posters

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31Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sat Jan 30 2021, 00:23

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:

Christ you could have picked a better song.

I have this playing in my mind and no doubt it will carry on when i'm in bed trying to get to sleep! Very Happy

32Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sat Jan 30 2021, 00:34

BoltonTillIDie

BoltonTillIDie
Nat Lofthouse
Nat Lofthouse
Let it go, let it goooo

33Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sat Jan 30 2021, 00:37

karlypants

karlypants
Nat Lofthouse
Nat Lofthouse
Laughing

34Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed Feb 10 2021, 07:19

Sluffy

Sluffy
Admin
Sort of related in a way -



"As a result of the panel's verdict, the Salary Cost Management Protocol (SCMP) regulations that were in place during the 2019-20 season and link "player-related expenditure to turnover", have been reinstated by the EFL".

So bigger club, bigger turnover means more money for players wages in theory.

However don't forget, there are a number of outstanding debts to settle soon as well.

35Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed Feb 10 2021, 08:23

Norpig

Norpig
Nat Lofthouse
Nat Lofthouse
The players really do have too much power now! When are the PFA going to realise that if clubs fold then their precious players will have less chance of actually being a professional?

Clubs are really struggling and the salary cap was a good idea in my eyes at least while fans aren't allowed in to grounds and income is tight but we can't have the players struggling for cash can we?  Rolling Eyes

36Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Mon Feb 15 2021, 18:49

Sluffy

Sluffy
Admin
Two appointments made -



Wanderers confirm appointment of Chief Financial Officer

Bolton Wanderers is delighted to announce the appointment of Scott Lindsay as the club’s Chief Financial Officer.

Scott, who is a qualified accountant, business consultant and a member of the Institute of Chartered Accountants of Scotland (ICAS), has held a number of senior positions within Scottish football over the past 20 years including spells as Chief Executive at Hibernian FC and Director of Finance and IT at the Scottish FA.

During his time at Hibernian FC, Scott founded the Hibernian Community Foundation, a charity that harnesses the power and passion of football to improve health, promote learning and enhance opportunities for all.

Since 2012, Scott has supported businesses and projects on a consultancy basis, and in 2018 he acted as lead consultant for Project Bright, the process undertaken by the Scottish FA to determine the future of Hampden Park and the home of the Scottish National teams.

Commenting on his appointment, Scott said: “I’m delighted to have been invited to join Bolton Wanderers Football Club at such an important time.

“The potential at this club is clear for all to see and I hope to play a part in helping to deliver an exciting future.

“I’m grateful to Sharon and the Board for the opportunity to join them, along with everyone who cares about this great club, on the next stage of the journey.”

Bolton Wanderers Chairman Sharon Brittan added: “We are thrilled to welcome Scott on board. He brings to Bolton Wanderers a wealth of experience acquired from senior roles within Scottish football as well as an astute understanding of how a football club plays a crucial role within the community it serves.

“Scott’s vision aligns with our One Club, One Community, One Town ethos and I am excited that he will be part of our journey.”

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Chris Markham appointed as Bolton Wanderers’ Technical Performance Director

Bolton Wanderers is pleased to confirm the appointment of Chris Markham as the club’s Technical Performance Director.

Chris will support manager Ian Evatt in establishing an elite and innovative performance culture for the football department.

During his eight seasons at Huddersfield Town, where he was Head of Analysis, Chris was part of the Terriers’ staff who achieved an EFL record 43-game unbeaten run, as well as winning promotion from League One via the play offs in 2011/12.

He spent five seasons in the Championship with the West Yorkshire side and was a key member of David Wagner’s backroom staff as they won promotion to the Premier League for the first time in their history.

Chris joined the Football Association in 2017 where he was Head of the innovative Game Insights Department leading on key strategic projects across the Men’s and Women’s games. This included applying a modern approach to player monitoring for the England Men’s Senior Team to aid squad selection and the world-leading Penalty Shoot Outs project. Chris also played a key role in opposition intelligence for the major international tournaments, including the 2018 Russia World Cup.

Chris said: “It’s is a very exciting time to be involved with Bolton Wanderers and I’m extremely pleased to join the club at such an important stage.

“In the short term, I am looking forward to supporting the manager in any way necessary to allow him to continue to focus on evolving his team and embedding the identity on the field.

“In the long term, my aim is to provide stability and develop a platform for Bolton Wanderers to be successful for years to come, aligning to the ownership’s vision of forward thinking and doing things differently.”

Wanderers Manager Ian Evatt said: “We are delighted that Chris has joined us. He is highly experienced having worked at Huddersfield Town and the England teams for a number of years.

“We are both aligned with our views on the future and I am excited to work with him to provide a solid structure for the future of Bolton Wanderers Football Club.”

Sharon Brittan, the Chairman of Bolton Wanderers, said: “I’m really pleased by the appointment of Chris, whose talent and experience will make a real and immediate impact at the club.

“Chris is excited by our long-term vision and we are delighted to have attracted a person of his calibre.”

Chris will start his role at the University of Bolton Stadium on Monday 1 March.

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37Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Tue Feb 16 2021, 07:56

Ten Bobsworth


El Hadji Diouf
El Hadji Diouf
Interesting photo from Scott Lindsay's Twitter page last August.

Scott seems like a bit of a politico too.

[You must be registered and logged in to see this image.]
P.S.That was Bromwich Street 1966 in case no-one noticed.

38Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sat Feb 20 2021, 23:17

luckyPeterpiper

luckyPeterpiper
Ivan Campo
Ivan Campo
I don't pretend to understand the accounts and their complexities but I would be very surprised if there's a team in L2 that isn't struggling financially right now. The lockdown has hurt so many revenue streams that the grants etc and any moneys from i-follow are little more than a drop in the ocean. I don't say we're going bankrupt or anything like that but I do believe it will be years if ever before some of the smaller less well off clubs recover from what's happened in the last year or so.

39Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 05 2021, 18:07

Sluffy

Sluffy
Admin


WANDERERS have confirmed the appointment of Nick Luckock to the board of directors at the University of Bolton Stadium.

The 48-year-old Australian was heavily involved in Football Ventures’ takeover in September 2019, with both he and chairman Sharon Brittan providing the scope for up to £20million in future loans to the club.

The deals, secured against club assets, are due for repayment or to be rearranged by 2022 – but it will not become clear until the yearly accounts are published exactly how much has actually been borrowed.

Luckock, a partner at London-based private equity firm HgCapital since September 2016, is now listed as a director of both FVWL Football Limited and FVWL Hotel Limited at Companies House, which is likely to give him a greater say on the direction of the club.

A statement issued to The Bolton News from Wanderers confirmed: “Nick has been involved since the formation of Football Ventures and has recently increased his involvement to include sitting on the board.

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40Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 05 2021, 21:57

Ten Bobsworth


El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:

WANDERERS have confirmed the appointment of Nick Luckock to the board of directors at the University of Bolton Stadium.

The 48-year-old Australian was heavily involved in Football Ventures’ takeover in September 2019, with both he and chairman Sharon Brittan providing the scope for up to £20million in future loans to the club.

The deals, secured against club assets, are due for repayment or to be rearranged by 2022 – but it will not become clear until the yearly accounts are published exactly how much has actually been borrowed.

Luckock, a partner at London-based private equity firm HgCapital since September 2016, is now listed as a director of both FVWL Football Limited and FVWL Hotel Limited at Companies House, which is likely to give him a greater say on the direction of the club.

A statement issued to The Bolton News from Wanderers confirmed: “Nick has been involved since the formation of Football Ventures and has recently increased his involvement to include sitting on the board.

[You must be registered and logged in to see this link.]
What does this actually mean, Sluffy? Whatever it means they ain't exactly confiding in the esteemed Marc Iles or the Supporters Trust, are they?

Can't blame them for that tbh but they aren't telling the supporters of the one club, one town, one community either. As ever there are cards being played close to the chest with the ill-informed speculation that inevitably follows.

P.S. Do you seriously think that Messrs Luckock, Brittan etc are going to lend BWFC £20million? If so could you explain why?

41Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 05 2021, 22:30

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:What does this actually mean, Sluffy? Whatever it means they ain't exactly confiding in the esteemed Marc Iles or the Supporters Trust, are they?

Can't blame them for that tbh but they aren't telling the supporters of the one club, one town, one community either. As ever there are cards being played close to the chest with the ill-informed speculation that inevitably follows.

P.S. Do you seriously think that Messrs Luckock, Brittan etc are going to lend BWFC £20million? If so could you explain why?

I've no idea what it all means Bob, as I've said many times before, I've no idea why anyone would want to put their own money into a football club!

As far as I'm aware the £20m each Luckock and Brittain have 'promised' is just that - a promise and not a reality.

I don't think many high street banks these days want to provide a line of credit to footy clubs so they have to be 'backed' somehow and the combined £40m gives the club it's credit worthiness in order to trade - and not, as you well know, that they have actually put any of their hard earned, into the club to spend!

I guess their must be a reason why Luckock has become a Director now, rather than from the outset - maybe to better protect his financial position perhaps?

As far as I know Sharon still own's the majority of the shares, so maybe Mr Luckock wants more involvement with the policy decisions of the business - I'm just guessing though - maybe he wants to know why we seem to have started doing business with a car share app business that no one had ever heard of before and a company allegedly using sweatshop labour to make their millions!

Maybe the recent 'love in' with the ST and hugs with Dale Vince have began to worry him and 'rentaride' or whatever it is called has now set the alarm bells ringing with him?

..dunno..

42Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Thu May 06 2021, 06:52

Ten Bobsworth


El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:

I've no idea what it all means Bob, as I've said many times before, I've no idea why anyone would want to put their own money into a football club!

As far as I'm aware the £20m each Luckock and Brittain have 'promised' is just that - a promise and not a reality.

I don't think many high street banks these days want to provide a line of credit to footy clubs so they have to be 'backed' somehow and the combined £40m gives the club it's credit worthiness in order to trade - and not, as you well know, that they have actually put any of their hard earned, into the club to spend!

I guess their must be a reason why Luckock has become a Director now, rather than from the outset - maybe to better protect his financial position perhaps?

As far as I know Sharon still own's the majority of the shares, so maybe Mr Luckock wants more involvement with the policy decisions of the business - I'm just guessing though - maybe he wants to know why we seem to have started doing business with a car share app business that no one had ever heard of before and a company allegedly using sweatshop labour to make their millions!

Maybe the recent 'love in' with the ST and hugs with Dale Vince have began to worry him and 'rentaride' or whatever it is called has now set the alarm bells ringing with him?

..dunno..
I cannot see that there was any such 'promise' at all, Sluffy. All it amounted to imo was a legal arrangement by which, if any of them did lend any money to the club, they could look to the assets ED paid for as security for repayment of any loans (up to a maximum of £20million).

Some btw might recall Sharon's former CEO, Emma Beaugeard, being distinctly tetchy when asked 'who paid for the Reebok Stadium?'

Whether lenders would get their money back is another matter. Sue Davies never saw much of the £200million Eddie spent on BWFC despite the securities and legal charges in place. The unsecured creditors haven't fared too well either under the FV takeover.

FV seem in no hurry to publish accounts that might cast a bit more light into the corners and they will be historic when they do.

43Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sun May 09 2021, 11:41

Sluffy

Sluffy
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:

I've no idea what it all means Bob, as I've said many times before, I've no idea why anyone would want to put their own money into a football club!

As far as I'm aware the £20m each Luckock and Brittain have 'promised' is just that - a promise and not a reality.

I don't think many high street banks these days want to provide a line of credit to footy clubs so they have to be 'backed' somehow and the combined £40m gives the club it's credit worthiness in order to trade - and not, as you well know, that they have actually put any of their hard earned, into the club to spend!

I guess their must be a reason why Luckock has become a Director now, rather than from the outset - maybe to better protect his financial position perhaps?

As far as I know Sharon still own's the majority of the shares, so maybe Mr Luckock wants more involvement with the policy decisions of the business - I'm just guessing though - maybe he wants to know why we seem to have started doing business with a car share app business that no one had ever heard of before and a company allegedly using sweatshop labour to make their millions!

Maybe the recent 'love in' with the ST and hugs with Dale Vince have began to worry him and 'rentaride' or whatever it is called has now set the alarm bells ringing with him?

..dunno..
I cannot see that there was any such 'promise' at all, Sluffy. All it amounted to imo was a legal arrangement by which, if any of them did lend any money to the club, they could look to the assets ED paid for as security for repayment of any loans (up to a maximum of £20million).

Some btw might recall Sharon's former CEO, Emma Beaugeard, being distinctly tetchy when asked 'who paid for the Reebok Stadium?'

Whether lenders would get their money back is another matter. Sue Davies never saw much of the £200million Eddie spent on BWFC despite the securities and legal charges in place. The unsecured creditors haven't fared too well either under the FV takeover.

FV seem in no hurry to publish accounts that might cast a bit more light into the corners and they will be historic when they do.

Thanks Bob.

I've been a bit busier than usual this last week or so and have only now found the time to reply to you.

My understanding of the £20m is that it is a Debencher which in its simplest term means a commitment ('promise') to pay back a loan.

It doesn't mean that any money has been borrowed against it - but gives the creditor the security and knowledge that whatever is borrowed against it will be repaid, on time, at an agreed interest (in this case 4%) or they can seize the assets stipulated in the debencher (which as you say are all the assets that Eddie Davies had in effect paid for).

The debenture involves all the usual suspects, Sharon, PBP, Warburton, Fildraw (I assume that has since been changed with them seemingly no longer being involved in the club - although I've not spotted any subsequent notification of such?), and the Administrator, plus Jeffrey Thomas who has since sold his shares and moved on, Nick Lucock and two others who I haven't really checked out much before - Nicholas Berkerkey Mason (the Pink Floyd drummer who Sharon worked for/with) and Keith Morris (who founded Sabre Insurance).

(There was another name around at the time - Timothy Murphy (a partner in Seneca Banking - [You must be registered and logged in to see this link.] ) although I can't tie him to the debenture directly so far, if at all.

I would therefore have thought in the simplest terms that if any money has been loaned against the debenture that Luckock, Mason and Morris were most likely the ones putting it in with Sharon (as the debenture holder) the one 'promising to pay them back - with the assets of the club if need be - with the approval of Fildraw, James, Warburton, etc, already agreed to.

I'm out of my depth on debentures and happy to be corrected but that's the position of things as I've been understanding them up to now.

44Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Sun May 09 2021, 15:51

Ten Bobsworth


El Hadji Diouf
El Hadji Diouf
I thought a Debencher was somebody like Khalid Mahmood, Sluffy.

But the truth is no-one knows yet how much has been lent to the club since the FV acquisition and the board's not revealing a lot. They can keep those cards close to the chest for the next couple of months, or longer if they play the Rashford card.

We'll just have to wait and see.

45Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 12 2021, 15:57

Sluffy

Sluffy
Admin
A bit random from the clubs Twitter account, so I thought I'd post it here as a good as place as any!

46Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 12 2021, 17:00

Boggersbelief

Boggersbelief
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:A bit random from the clubs Twitter account, so I thought I'd post it here as a good as place as any!


Yeah I really didn’t get that. Isn’t he leaving West Ham this summer though...? I’d take him

47Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 12 2021, 17:03

MartinBWFC

MartinBWFC
Ivan Campo
Ivan Campo
[You must be registered and logged in to see this link.] wrote:

Yeah I really didn’t get that. Isn’t he leaving West Ham this summer though...? I’d take him
No he's contracted to West Ham for another year

48Money troubles at the club? - Page 2 Empty Re: Money troubles at the club? Wed May 12 2021, 17:09

finlaymcdanger

finlaymcdanger
El Hadji Diouf
El Hadji Diouf
[You must be registered and logged in to see this link.] wrote:

Yeah I really didn’t get that. Isn’t he leaving West Ham this summer though...? I’d take him

Possibly to get ahead of any ridiculous transfer speculation in case they were seen together

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